Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Edward Smolyansky sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the completion of the sale, the insider directly owned 852,642 shares of the company’s stock, valued at $25,204,097.52. This represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Edward Smolyansky also recently made the following trade(s):
- On Friday, June 26th, Edward Smolyansky sold 111,548 shares of Lifeway Foods stock. The shares were sold at an average price of $29.26, for a total transaction of $3,263,894.48.
- On Wednesday, June 24th, Edward Smolyansky sold 38,452 shares of Lifeway Foods stock. The shares were sold at an average price of $29.85, for a total value of $1,147,792.20.
- On Monday, June 22nd, Edward Smolyansky sold 50,000 shares of Lifeway Foods stock. The shares were sold at an average price of $26.20, for a total transaction of $1,310,000.00.
- On Friday, May 15th, Edward Smolyansky sold 24,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.87, for a total value of $596,880.00.
- On Thursday, May 14th, Edward Smolyansky sold 25,000 shares of Lifeway Foods stock. The shares were sold at an average price of $25.34, for a total transaction of $633,500.00.
Lifeway Foods Price Performance
LWAY traded up $1.49 during trading on Thursday, hitting $30.94. 130,518 shares of the company traded hands, compared to its average volume of 193,614. The company has a current ratio of 2.14, a quick ratio of 1.56 and a debt-to-equity ratio of 0.08. The company has a market cap of $472.76 million, a PE ratio of 31.90 and a beta of 0.45. The stock’s 50-day simple moving average is $25.90 and its two-hundred day simple moving average is $23.46. Lifeway Foods, Inc. has a 1 year low of $17.31 and a 1 year high of $34.20.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on LWAY shares. Wall Street Zen lowered shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded Lifeway Foods from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 14th. Finally, Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a research report on Monday, June 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Lifeway Foods currently has an average rating of “Moderate Buy” and a consensus price target of $34.33.
View Our Latest Research Report on LWAY
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in Lifeway Foods in the third quarter worth about $31,000. BNP Paribas Financial Markets lifted its position in shares of Lifeway Foods by 577.3% during the second quarter. BNP Paribas Financial Markets now owns 1,551 shares of the company’s stock worth $38,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Lifeway Foods in the 2nd quarter valued at about $40,000. State of Alaska Department of Revenue boosted its holdings in shares of Lifeway Foods by 302.0% in the 4th quarter. State of Alaska Department of Revenue now owns 2,967 shares of the company’s stock valued at $71,000 after buying an additional 2,229 shares in the last quarter. Finally, Strs Ohio purchased a new position in Lifeway Foods in the first quarter worth $90,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.
About Lifeway Foods
Lifeway Foods, Inc (NASDAQ: LWAY) is a Chicago-based food company specializing in probiotic-rich cultured dairy products. Established in 1986 by Michael Smolyansky, the company pioneered the introduction of kefir to the U.S. market. Under the leadership of CEO Julie Smolyansky, who succeeded her father in 2002, Lifeway has grown from a single product operation into a diversified portfolio of fermented foods and beverages aimed at promoting digestive health and wellness.
The company’s flagship product is kefir, a cultured milk beverage naturally rich in probiotics, vitamins and minerals.
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